Wave Power Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	725.44	413.77	411.45	437.19	362.19	280.38
Revenue Growth (YoY)	97.46%	0.56%	-5.89%	20.71%	29.18%	-
Cost of Revenue	451.98	227.01	210.14	207.16	174.4	147.84
Gross Profit	273.46	186.76	201.3	230.03	187.79	132.54
Selling, General & Admin	62.69	49.19	56.17	46.57	39.44	34.29
Research & Development	54.77	42.97	45.03	41.65	36.55	17.67
Operating Expenses	117.54	92.17	101.16	88.24	76	51.98
Operating Income	155.93	94.59	100.14	141.79	111.79	80.56
Interest Expense	-1.09	-0.59	-0.41	-0.16	-0.07	-0.88
Interest & Investment Income	5.48	6.38	2.47	0.47	0.18	0.09
Earnings From Equity Investments	3.56	3.26	-	-	-	-
Currency Exchange Gain (Loss)	-2.4	1.85	0.02	0.53	0.46	0.27
Other Non Operating Income (Expenses)	-0.2	0.22	2.95	0.02	-	-0.05
EBT Excluding Unusual Items	161.28	105.71	105.17	142.64	112.35	79.99
Other Unusual Items	-	-	0.04	-	0	-
Pretax Income	161.28	105.71	105.21	142.64	112.36	79.99
Income Tax Expense	30.16	18.9	18.44	28.88	21.98	16.45
Net Income	131.12	86.81	86.77	113.76	90.38	63.55
Net Income to Common	131.12	86.81	86.77	113.76	90.38	63.55
Net Income Growth	77.09%	0.04%	-23.73%	25.87%	42.22%	-
Shares Outstanding (Basic)	34	34	32	31	31	22
Shares Outstanding (Diluted)	34	34	32	31	32	22
Shares Change (YoY)	-0.01%	6.03%	3.21%	-1.17%	43.05%	-
EPS (Basic)	3.85	2.55	2.70	3.67	2.92	2.94
EPS (Diluted)	3.84	2.54	2.69	3.64	2.86	2.88
EPS Growth	77.28%	-5.58%	-26.10%	27.27%	-0.69%	-
Free Cash Flow	-149.03	1.66	140.47	2.65	44.68	59.66
Free Cash Flow Per Share	-4.36	0.05	4.36	0.09	1.41	2.70
Dividend Per Share	2.300	2.300	2.200	3.450	2.500	1.800
Dividend Growth	4.54%	4.54%	-36.23%	38.00%	38.89%	-
Gross Margin	37.70%	45.14%	48.93%	52.62%	51.85%	47.27%
Operating Margin	21.49%	22.86%	24.34%	32.43%	30.86%	28.73%
Profit Margin	18.07%	20.98%	21.09%	26.02%	24.95%	22.66%
Free Cash Flow Margin	-20.54%	0.40%	34.14%	0.61%	12.34%	21.28%
EBITDA	180.04	113.64	118.1	158.09	128.92	94.23
EBITDA Margin	24.82%	27.46%	28.70%	36.16%	35.59%	33.61%
D&A For EBITDA	24.11	19.04	17.96	16.3	17.13	13.67
EBIT	155.93	94.59	100.14	141.79	111.79	80.56
EBIT Margin	21.49%	22.86%	24.34%	32.43%	30.86%	28.73%
Effective Tax Rate	18.70%	17.88%	17.53%	20.24%	19.56%	20.56%
Advertising Expenses	-	-	-	-	6.17	5.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.